National Smith & Wesson parent company warns investors that gun control activism could hurt the bottom line

[Joe Link]

Smith & Wesson parent company warns investors that gun control activism could hurt the bottom line

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[SA Shooter]

"Amalgamated Bank said it would work with industry peers to regulate gun sales."

It is not their, nor the other financial entities's, legal purview to do so and doing so would deprive some people of their right to possess a firearm, clearly a violation of the 2ND Amendment.

Social activism is one thing. Commercial pressure on an already heavily regulated industry creates significantly more cost to produce a product or service, thereby raising the consumer costs to even higher levels. At some point, customers will stop purchasing because they can't afford the product or service and thereby will have had their rights impinged.

It is almost as if these investors are trying to push certain business types towards insolvency or closure. Seems to me that isn't a smart investment (unless they dump their shares early, then they have no leverage) nor is it good for the economy.

They need to stop swinging their money bags, stop this knee jerk reactionary policy deployment and start making sound business decisions once again.